EP Wealth Advisors LLC Invests $570,000 in CMS Energy Corporation $CMS

EP Wealth Advisors LLC bought a new position in shares of CMS Energy Corporation (NYSE:CMS) in the second quarter, Holdings Channel reports. The fund bought 7,454 shares of the utilities provider’s stock, valued at approximately $570,000.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in shares of CMS Energy in the 4th quarter valued at $316,057,000. Magellan Asset Management Ltd lifted its stake in CMS Energy by 698.7% during the first quarter. Magellan Asset Management Ltd now owns 2,019,954 shares of the utilities provider’s stock valued at $156,708,000 after buying an additional 1,767,059 shares in the last quarter. Vanguard Group Inc. lifted its stake in CMS Energy by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 40,672,292 shares of the utilities provider’s stock valued at $2,844,213,000 after buying an additional 1,501,991 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of CMS Energy by 70.9% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,571,251 shares of the utilities provider’s stock worth $249,738,000 after acquiring an additional 1,481,779 shares in the last quarter. Finally, Parnassus Investments LLC purchased a new position in shares of CMS Energy in the fourth quarter worth approximately $102,983,000. 93.57% of the stock is owned by institutional investors.

CMS Energy Trading Up 0.3%

Shares of NYSE CMS opened at $68.44 on Tuesday. The stock has a market cap of $21.46 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.47 and a beta of 0.35. The business has a 50 day simple moving average of $73.55 and a 200 day simple moving average of $74.76. CMS Energy Corporation has a 52 week low of $67.90 and a 52 week high of $80.36. The company has a debt-to-equity ratio of 1.81, a quick ratio of 0.67 and a current ratio of 0.94.

CMS Energy (NYSE:CMS) last issued its quarterly earnings data on Tuesday, July 28th. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.87 billion. CMS Energy had a net margin of 11.64% and a return on equity of 10.76%. The company’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 earnings per share. CMS Energy has set its FY 2026 guidance at 4.080-4.170 EPS. On average, research analysts predict that CMS Energy Corporation will post 3.87 earnings per share for the current fiscal year.

CMS Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 7th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, August 7th. CMS Energy’s payout ratio is presently 68.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Mizuho decreased their price objective on shares of CMS Energy from $78.00 to $77.00 and set a “neutral” rating for the company in a research note on Wednesday, July 29th. BMO Capital Markets upped their price target on CMS Energy from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Monday, July 20th. Weiss Ratings lowered CMS Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. KeyCorp lowered shares of CMS Energy from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 23rd. Finally, UBS Group reaffirmed a “neutral” rating and set a $84.00 price objective on shares of CMS Energy in a research report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CMS Energy presently has a consensus rating of “Moderate Buy” and an average price target of $81.83.

CMS Energy Profile

CMS Energy (NYSE: CMS) is an energy company based in Jackson, Michigan, whose principal business is the regulated utility operations of its subsidiary, Consumers Energy. The company is primarily focused on providing electric and natural gas service to customers in Michigan, operating the generation, transmission and distribution infrastructure necessary to deliver energy to residential, commercial and industrial customers. Headquartered in Jackson, CMS Energy conducts its core activities within the state and is regulated by state utility authorities.

Through Consumers Energy and related subsidiaries, CMS Energy develops, owns and operates a portfolio of generation assets and delivers a range of customer-facing services, including electricity and natural gas supply, grid management, energy efficiency programs and demand-response offerings.